Last year, Harvard Business Review and ThoughtSpot published a groundbreaking survey on the business benefits of empowering frontline workers with data. Revenues are higher, operations more efficient, customer service better, and employees happier. And yet, few organizations deploy BI this way, historically held back by the technology, conflicting priorities, and mindset.
Companies today are faced with an analytics conundrum. On one hand, there’s a higher demand than ever for actionable business insights, but on the other there’s limited resources to deliver BI content to on-technical business end-users. To fill this gap, the industry is increasingly turning to the next generation of self-service analytics tools. These tools reduce time to insight, speed up insight to action, and also allow BI teams to focus on more strategic analytics work.
Today, May 21st marks ThoughtSpot’s nine year anniversary as a company. We’ve come a long way from exchanging ideas at Starbucks and working from an office set-up inside LightSpeed Ventures for the initial few weeks. Today, we offer customers the most innovative cloud analytics platform in the world and help thousands of users ask and answer questions with data.
Today, the rate of innovation around data processing has accelerated beyond what any of us previously thought possible. Databricks recently announced their Databricks SQL offering, which is the next step in this evolution and builds on the foundation of Delta Lake to deliver interactive analytics at scale. This offering pairs with ThoughtSpot’s Modern Analytics Cloud to empower everyone in an organization to find answers to their questions with simple access to the data lake.
